Dogecoin ETF Buzz Grows as Breakout Signals 17% Upside

Tatevik Avetisyan
By Tatevik Avetisyan 8 Min Read
Dogecoin ETF Buzz Grows as Breakout Signals 17% Upside

The U.S. Securities and Exchange Commission is weighing a proposal that could accelerate the approval of exchange-traded funds tied to cryptocurrencies such as Dogecoin. The agency is reviewing new generic listing standards that would streamline the process for introducing crypto-based ETFs. If adopted, the framework could pave the way for Dogecoin ETF listings as early as late September 2025.

Regulators have previously taken a cautious stance toward meme-inspired assets. Yet the proposed standards aim to reduce the need for case-by-case approvals. By aligning Dogecoin with established products like Bitcoin and Ethereum ETFs, the rule change would broaden investor access and potentially shift liquidity toward regulated offerings. The decision marks one of the clearest signs that Dogecoin could soon enter the same category as mainstream digital asset ETFs.

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$25 Million Dogecoin Withdrawal Sparks Speculation

A $25 million Dogecoin transfer from Binance this week has drawn attention across the market. Analysts highlighted the withdrawal as more than routine movement, describing it as a possible shift in allocation strategies among large holders. The size of the transfer raised questions about whether capital is rotating out of Dogecoin and into newer meme-coin projects.

Onchain Lens – Whale Dogecoin WithdrawalSource: X (@OnchainLens)
Onchain Lens – Whale Dogecoin Withdrawal. Source: X (@OnchainLens)

Such large outflows from centralized exchanges often signal either heightened custody practices or reallocation into rival tokens. Market participants noted that the timing coincides with renewed presale activity from emerging meme-based projects. The withdrawal underscores the uncertainty surrounding Dogecoin’s position as the dominant meme asset as new players enter the field.

Layer Brett Emerges as Rival in Meme Market

The spotlight is turning toward Layer Brett, an Ethereum-based Layer-2 project styled after meme culture. The initiative has already raised more than $2.9 million in its presale, attracting early investors who previously backed Dogecoin and Shiba Inu. Supporters present it as a faster, more scalable alternative that leverages Ethereum’s infrastructure while maintaining the playful branding that fuels meme-coin demand.

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The strong fundraising suggests speculative attention is shifting beyond Dogecoin. While the project remains in its early stages, its traction illustrates how quickly meme-driven narratives can redirect capital flows. Observers see Layer Brett as the latest in a series of experiments testing whether new projects can displace established meme tokens.

Rollblock Gains Momentum as “New Doge”

Another contender, Rollblock, has entered the conversation as investors draw comparisons to Dogecoin’s early days. The project’s presale has surpassed $11.5 million, sparking claims that it represents the next phase of meme-coin evolution. The narrative frames Rollblock as a potential successor that could replicate the community-driven rise that propelled Dogecoin to global recognition.

Market watchers point out that Rollblock’s momentum reflects broader appetite for high-risk, high-reward tokens. Its rapid fundraising demonstrates how quickly capital can gather behind projects that blend speculative promise with viral branding. For Dogecoin, the emergence of Rollblock underscores the challenges of maintaining dominance in a constantly shifting meme-coin landscape.

Dogecoin Breaks Out of Falling Wedge, Eyes 17% Upside

On Monday, September 8, 2025, Dogecoin DOGE/USD chart on the 4-hour timeframe shows a decisive breakout from a falling wedge formation. A falling wedge pattern occurs when price consolidates between two downward sloping trendlines, typically signaling an upcoming bullish reversal.

Dogecoin Falling Wedge Breakout ChartSource: TradingView
Dogecoin Falling Wedge Breakout Chart. Source: TradingView

Dogecoin traded within this structure from mid-August until early September, with sellers gradually pushing prices lower while buyers maintained higher lows near the base. The pattern compressed liquidity until momentum shifted upward. On September 8, DOGE broke through the upper trendline, confirming the breakout with rising volume. The 50-period exponential moving average (EMA) now sits below the price at $0.218, reinforcing bullish momentum.

Following the breakout, Dogecoin has already gained from the wedge bottom and currently trades near $0.232. Technical projections based on the wedge’s depth indicate another 17% potential upside, which places the next target around $0.271. The breakout aligns with strong buyer activity visible in the volume bars, suggesting accumulation rather than short-lived speculation.

With the falling wedge completed and momentum confirmed, Dogecoin is positioned for a continuation toward the $0.27 region in the near term. The setup illustrates how compressed ranges can lead to sharp directional moves once resistance levels give way.

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Dogecoin MACD Turns Bullish on September 8

On Monday, September 8, 2025, Dogecoin’s 4-hour MACD indicator shows a clear bullish shift. The MACD (Moving Average Convergence Divergence) tracks momentum by measuring the difference between two exponential moving averages, often signaling trend changes when its lines cross.

Dogecoin MACD Indicator ChartSource: TradingView
Dogecoin MACD Indicator Chart. Source: TradingView

The chart indicates that the blue MACD line has crossed above the orange signal line, creating a bullish crossover. This movement reflects strengthening upward momentum after weeks of sideways price action. At the same time, the histogram has turned green and extended higher, confirming that buying pressure is accelerating.

The positive divergence suggests that traders are regaining confidence following the recent breakout from the falling wedge pattern. Momentum indicators such as this often align with price breakouts, providing additional confirmation of trend direction. With the MACD reading above zero and climbing, Dogecoin is positioned for sustained bullish momentum in the near term.

Dogecoin RSI Signals Strong Momentum on September 8

On Monday, September 8, 2025, Dogecoin’s 4-hour Relative Strength Index (RSI) chart shows a sharp upward push, signaling strong momentum behind the latest breakout. The RSI, a momentum oscillator that measures the speed and magnitude of price movements, helps determine whether an asset is overbought or oversold.

Dogecoin RSI Indicator ChartSource: TradingView
Dogecoin RSI Indicator Chart. Source: TradingView

At the time of observation, Dogecoin’s RSI stands at 73.16, placing it in overbought territory above the 70 threshold. This move reflects the strength of the buying pressure following Dogecoin’s breakout from the falling wedge pattern earlier this week. When RSI climbs above 70, it typically signals an overheated market in the short term, yet it also confirms that bulls currently control momentum.

The RSI has surged from levels near 45 last week to today’s high readings, aligning with both rising price action and expanding volume. The supporting moving average line at 57.09 shows a wide divergence from the RSI, underlining the intensity of the upward push. This momentum can sustain further gains toward projected targets, though traders may watch for short-term pullbacks if the RSI remains extended above 70.

Tatevik Crypto Journalist CoinChapter

Tatevik Avetisyan

Tatev Avetisyan is a Markets Writer and Analyst at CoinChapter, covering cryptocurrency markets, policy, and regulation. With over seven years of experience in business and marketing development, she has spent the past two years specializing in digital assets and has authored more than 2,000 articles on crypto markets and regulatory developments.She contributes as a guest writer to leading industry publications and is a prominent Web3 advocate in Armenia through Web3Armenia. Her work reflects a broader focus on artificial intelligence and Web3 technologies. Tatev maintains a diversified crypto portfolio, with Bitcoin as her primary holding above CoinChapter’s $1,000 disclosure threshold.